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Derivatives sour Wall St. on Obama
Politico.com ^ | 5-22-10 | Ben White

Posted on 05/22/2010 2:13:23 PM PDT by Justaham

Wall Street executives say language in the Senate financial reform bill dealing with derivatives is like a horror movie slasher — repeatedly left for dead, only to rise again and again.

The move to force banks to spin off their derivatives desks could by some estimates slice 20 percent off Wall Street profits. Now, some executives say that if the language survives, there will almost certainly be consequences in terms of Wall Street support for Democrats in the midterms and President Barack Obama’s reelection campaign.

(Excerpt) Read more at politico.com ...


TOPICS: Miscellaneous
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1 posted on 05/22/2010 2:13:23 PM PDT by Justaham
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To: Justaham
Freakin' idiots...

They supported the Moronic Marxist Messiah and his stooges...now they don't want to suffer the consequences.

2 posted on 05/22/2010 2:32:28 PM PDT by Lysandru
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To: Justaham
NOVEMBER
3 posted on 05/22/2010 2:35:04 PM PDT by TokuMei
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To: Justaham
HAHA. They're in a pickle.

If they slash the language to get the Wall Street campaign money, they will lose a large chunk of their base. What to do? What to do?

4 posted on 05/22/2010 2:35:37 PM PDT by what's up
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To: Lysandru

Don’t believe it. They’ll still vote Democratic. They’ve been programmed that way.


5 posted on 05/22/2010 2:40:40 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Justaham

I suspect GS is still thrilled to running the Fed, Zer0, Dodd, and B. “Fannie” Franks.


6 posted on 05/22/2010 2:43:01 PM PDT by Paladin2
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To: Paladin2

to —> to be


7 posted on 05/22/2010 2:43:33 PM PDT by Paladin2
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To: Justaham
Fools. They have been used and are no longer needed. Obama now has the general treasury for funds to groups like ACORN, SEIU and endless means of laundering the public treasury to reelect Democrat Socialists
8 posted on 05/22/2010 2:45:32 PM PDT by Truth29
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To: Justaham

What are they complainin’ about. It’s only a few more economic czars: Obama’s U.S.S.R., “you’ ass is ours.”


9 posted on 05/22/2010 2:58:16 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Justaham

They’ll vote whatever is beneficial to them. The derivatives racket is ruining us.


10 posted on 05/22/2010 3:02:05 PM PDT by rbosque (11 year Freeper! Combat Economist.)
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To: Lysandru

It’s amazing how effing stupid these geniuses have been.


11 posted on 05/22/2010 3:03:56 PM PDT by jimfree (In 2012 Sarah Palin will continue to have more relevant quality executive experience than B. Obama.)
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To: rbosque

Obama is right on this one. Get banks out of the ponzi scheme that is derivatives. Let investments stand on their on merits.


12 posted on 05/22/2010 3:22:38 PM PDT by refermech
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To: Lysandru

It amazes me. I’m in that industry and we run maybe 25-1 conservative. Its the guys that make the absolute freaking fortunes that pour money into liberals out of some sense of guilt. I’d like a chance to feel that guilty.


13 posted on 05/22/2010 5:00:05 PM PDT by wiggen (Government owned slave.)
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To: refermech

Yup. The derivatives and their obscene obsession on investing heavily on thin air is bad!


14 posted on 05/22/2010 6:55:52 PM PDT by rbosque (11 year Freeper! Combat Economist.)
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To: Justaham; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...

The list, ping


15 posted on 05/22/2010 10:21:44 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: what's up

It’s amazing to me how politically dim-witted Wall Street is. Really, really DUMB people.


16 posted on 05/22/2010 10:26:40 PM PDT by cookcounty ("Today's White House reporters seem one ball short of a ping pong scrimmage.")
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